Commentary Magazine


Topic: bank customer

How an Election Is Nationalized

Two races in Illinois and Pennsylvania exemplify the difficulties  Democrats are having these days. Regarding the Illinois Senate race, the Chicago Sun Times reports:

U.S. Rep. Mark Kirk said the arrest this week of a Giannoulias family friend and bank customer brings the amount of money Broadway Bank has lent to criminals to $52 million.

State Treasurer Alexi Giannoulias, Kirk’s Democratic opponent for U.S. Senate, has said that as chief loan officer of his family’s bank from 2002 to 2006, he did not check loan applicants’ arrest records.

Kirk, a North Shore Republican, calls that “reckless.”

And in a Friday news dump, Giannoulias announced he was giving back all the campaign funds he received from “bank fraudster Nick Giannis and his family.” So to sum up: to fill the seat of  Roland Burris, the Blago appointee (whose seat and the potential purchase thereof is the subject of the criminal trial later this year), the Democrats have nominated a banker who lent millions to mobsters, whose bank is on the verge of going under, and who pleads ignorance about his clients’ criminality. This is in a year in which backdoor deals, a series of ethics issues (e.g. Charlie Rangel, Eric Massa), and a general anti-insider sentiment has ensnared the Democrats. It’s hard to imagine a less appealing candidate for the Democrats. And frankly, if they aren’t lucky, Giannoulias and the other ethically challenged Democrats are going to become the poster boys — and the unifying message — for many Republicans outside Illinois.

Then there is Pennsylvania. Before we get to the Senate and gubernatorial races, both of which look promising for Republicans, there is a House special election. As Politico reports:

The special election to fill the House seat of the late Pennsylvania Democrat John Murtha will pit a candidate who fully embraces Murtha’s legacy against a Republican political newcomer who’s aiming to nationalize the election. Pennsylvania Republicans anointed businessman Tim Burns on Thursday as their candidate to face Murtha’s former district director, Mark Critz, in the May 18 election. Burns has been running on a down-the-line conservative platform of opposition to the stimulus, health care legislation and government spending.

And if the Obama-Reid-Pelosi troika push through ObamaCare, this may be an early warning sign (well, another warning sign after Scott Brown) as to  just how angry the electorate is and how willing the voters are to flip a seat that, in a normal election year, would be relatively safe for Democrats.

This is the stuff of wave elections — the collision of ethics scandals, voter anger, fiscal mismanagement, and, don’t forget, a floundering president. How big the wave will be depends, I think, on just how serious the Democrats are about dealing with their ethically challenged members and how determined they are to take the plunge on a monstrous health-care bill that voters generally loathe.

Two races in Illinois and Pennsylvania exemplify the difficulties  Democrats are having these days. Regarding the Illinois Senate race, the Chicago Sun Times reports:

U.S. Rep. Mark Kirk said the arrest this week of a Giannoulias family friend and bank customer brings the amount of money Broadway Bank has lent to criminals to $52 million.

State Treasurer Alexi Giannoulias, Kirk’s Democratic opponent for U.S. Senate, has said that as chief loan officer of his family’s bank from 2002 to 2006, he did not check loan applicants’ arrest records.

Kirk, a North Shore Republican, calls that “reckless.”

And in a Friday news dump, Giannoulias announced he was giving back all the campaign funds he received from “bank fraudster Nick Giannis and his family.” So to sum up: to fill the seat of  Roland Burris, the Blago appointee (whose seat and the potential purchase thereof is the subject of the criminal trial later this year), the Democrats have nominated a banker who lent millions to mobsters, whose bank is on the verge of going under, and who pleads ignorance about his clients’ criminality. This is in a year in which backdoor deals, a series of ethics issues (e.g. Charlie Rangel, Eric Massa), and a general anti-insider sentiment has ensnared the Democrats. It’s hard to imagine a less appealing candidate for the Democrats. And frankly, if they aren’t lucky, Giannoulias and the other ethically challenged Democrats are going to become the poster boys — and the unifying message — for many Republicans outside Illinois.

Then there is Pennsylvania. Before we get to the Senate and gubernatorial races, both of which look promising for Republicans, there is a House special election. As Politico reports:

The special election to fill the House seat of the late Pennsylvania Democrat John Murtha will pit a candidate who fully embraces Murtha’s legacy against a Republican political newcomer who’s aiming to nationalize the election. Pennsylvania Republicans anointed businessman Tim Burns on Thursday as their candidate to face Murtha’s former district director, Mark Critz, in the May 18 election. Burns has been running on a down-the-line conservative platform of opposition to the stimulus, health care legislation and government spending.

And if the Obama-Reid-Pelosi troika push through ObamaCare, this may be an early warning sign (well, another warning sign after Scott Brown) as to  just how angry the electorate is and how willing the voters are to flip a seat that, in a normal election year, would be relatively safe for Democrats.

This is the stuff of wave elections — the collision of ethics scandals, voter anger, fiscal mismanagement, and, don’t forget, a floundering president. How big the wave will be depends, I think, on just how serious the Democrats are about dealing with their ethically challenged members and how determined they are to take the plunge on a monstrous health-care bill that voters generally loathe.

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